Suppose DeGraw Corporation,a U

question 36

Multiple Choice

Suppose DeGraw Corporation,a U.S.exporter,sold a solar heating station to a Japanese customer at a price of 142.0 million yen,when the exchange rate was 140.0 yen per dollar.In order to close the sale,DeGraw agreed to make the bill payable in yen,thus agreeing to take some exchange rate risk for the transaction.The terms were net 6 months.If the yen fell against the dollar such that one dollar would buy 154.4 yen when the invoice was paid,what dollar amount would DeGraw actually receive after it exchanged yen for U.S.dollars?

• A) $919,689.12
• B) $993,264.25
• C) $1,030,051.81
• D) $744,948.19
• E) $938,082.90

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Definitions:

Dissociative Disorders

Mental health conditions characterized by disruptions in memory, identity, emotion, perception, and consciousness.

Diagnose

To diagnose means to identify the nature of an illness or other problem by examination of the symptoms.

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An eating disorder characterized by an irrational fear of weight gain, leading individuals to severely restrict calories to the point of serious health risks.

Calorie Intake

The quantity of energy consumed from foods and beverages by an individual in a given time period.